Australian Investment Grade Corporate Bond Yields (AUD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/aud-corporate
Australian Investment Grade Corporate Bond Yields (AUD) as of 2026-10-26: 10Y at 6.61%, fitted curve 3M–20Y (5.32%–6.99%), 168 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 5.32% | — |
| 6M | 5.37% | 5.55% |
| 9M | 5.41% | 5.61% |
| 12M | 5.45% | 5.61% |
| 18M | 5.53% | 5.78% |
| 2Y | 5.61% | 5.96% |
| 3Y | 5.77% | 6.22% |
| 4Y | 5.92% | 6.55% |
| 5Y | 6.07% | 6.85% |
| 6Y | 6.20% | 7.13% |
| 7Y | 6.32% | 7.37% |
| 8Y | 6.43% | 7.56% |
| 9Y | 6.52% | 7.72% |
| 10Y | 6.61% | 7.83% |
| 15Y | 6.87% | 7.97% |
| 20Y | 6.99% | 7.87% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.61% and the 10-year 6.61%, a 10Y−2Y spread of +99 bp — positively sloped — as of 2026-10-26. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.61% | 5.68% | 5.54% | 5.40% | 5.29% | 5.49% | 5.58% |
| 10Y | 6.61% | 6.69% | 6.45% | 6.24% | 6.09% | 6.23% | 6.32% |
| 10Y − 2Y | +99 bp | +101 bp | +90 bp | +85 bp | +81 bp | +74 bp | +74 bp |
Yields by rating group
The same curve split by credit quality: 196 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.57%, A+ to BBB- 5.97%.
Bonds in this curve
A selection of 30 of the 196 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| NAB | 5.25% | 2027-02-25 | 2.90% | AU3CB0286763 |
| DBS | 4.87% | 2027-02-26 | 4.70% | AU3CB0306835 |
| Pacific National | 6.16% | 2027-05-12 | 5.40% | AU3CB0244325 |
| Norfina | 5.33% | 2027-05-24 | 5.45% | AU3CB0304632 |
| Santander | 5.47% | 2027-07-19 | 4.80% | XS1649193072 |
| Ausnet | 5.61% | 2027-08-16 | 4.40% | AU3CB0242527 |
| Auckland International Airport Ltd. | 5.29% | 2027-09-23 | 4.50% | AU3CB0243236 |
| Emirates NBD | 5.40% | 2027-10-12 | 4.85% | AU3CB0247740 |
| Emirates NBD | 5.93% | 2028-02-09 | 4.75% | AU3CB0250512 |
| Verizon | 5.02% | 2028-03-23 | 2.35% | AU3CB0278869 |
| Mizuho FG | 5.71% | 2029-08-28 | 6.03% | XS2672744013 |
| Toyota | 5.50% | 2028-09-15 | 5.20% | AU3CB0302602 |
| Westpac | 5.44% | 2029-05-14 | 5.10% | AU3CB0309466 |
| AIR NEW Zealand LTD | 6.16% | 2029-05-25 | 6.50% | AU3CB0289213 |
| Transurban QLD | 5.95% | 2030-05-02 | 6.35% | AU3CB0303964 |
| Verizon | 5.77% | 2030-05-06 | 2.65% | AU3CB0268159 |
| ANZ | 5.53% | 2031-05-12 | 5.40% | AU3CB0334506 |
| NAB | 5.59% | 2031-05-12 | 5.38% | AU3CB0334613 |
| Telefonica Emisiones | 6.46% | 2032-06-30 | 5.96% | AU3CB0336857 |
| Transurban QLD | 6.26% | 2032-09-02 | 5.50% | AU3CB0322196 |
| Vonovia | 6.73% | 2033-05-20 | 6.38% | AU3CB0335123 |
| Ausnet | 6.24% | 2033-05-31 | 6.13% | AU3CB0299816 |
| BP PLC | 6.20% | 2034-08-28 | 5.44% | AU3CB0312809 |
| Transurban QLD | 6.50% | 2034-08-31 | 5.62% | AU3CB0312833 |
| Emirates NBD | 6.50% | 2035-06-18 | 5.91% | AU3CB0322915 |
| Dyno Nobel LTD | 6.76% | 2035-08-08 | 5.82% | AU3CB0324390 |
| APA | 6.62% | 2036-04-28 | 6.42% | AU3CB0334217 |
| Qantas | 6.82% | 2036-05-19 | 6.66% | AU3CB0332567 |
| Verizon | 6.74% | 2039-11-04 | 3.50% | AU3CB0268167 |
| EDF | 7.60% | 2045-08-28 | 6.63% | AU3CB0325314 |